Volatility to persist with
markets indicating a positive opening
Indian Indices:
The Indian equity benchmark indices are likely to open on a positive note today tracking firm Nifty futures on the Singapore Stock Exchange
and mixed cues from global peers.Back home, firm SGX Nifty.
Index Futures for February delivery, which were trading at 10,492.50, up by 41 points or 0.39at 11:56 AM Singapore time, also signaled
a positive opening for the domestic equity bourses. Reserve bank of India’s hawkish stance on monetary policy will weigh on investors’ sentiments as the Central bank lowered GDP forecast to 6.6% for FY18, citing concerns over steep spike in inflation, fiscal deficit and the
volatility in global financial markets.
 |
| Cpitalstars financial advisory |
On the Earning front
Ø Stock focus will be on ACC,BHARATFORGE,BHEL,CADILA,CESC,DRLALPATH,GLENMARK,GRANULES,GSPL,HEIDALBERG,MANAPPURAM,PETRONET,SAIL,RELCAP,TORRENTPHARMA,MUTHOOTFIN,PAGEINDUSTRIES,TATACOMMamong others which will announce their December 2017 quarter earnings report today.
Global Market:
·
Major Asian markets are trading mixed at present
Nikkei is up 0.26%, Shanghai Composite is trading 0.68 % lower while Hang Seng
is trading up 0.8%
·
US Markets: Wall Street witnessed a sell-off in
the last hour of trade ending the day on a flat note.
·
European markets closed in the green yesterday
with FTSE up 1.90%, CAX was up 1.79% and DAX closed 1.57% higher.
Major Headlines of the day:
·
SRF to set up BOPET film line in a new entity in Europe at a
cost of Euro 58 mn to be financed by loan/ internal accruals.
·
The bids for Bhushan Steel were opened today, with JSW Steel emerging
as the favourite to bag the troubled steel maker. Other bidders included Tata
Steel and a consortium consisting of employees of Bhushan Steel.
·
Dilip Buildcon has incorporated a new special purpose vehicle
(SPV) named as "DBL Chandikhole Bhadrak Highways Private Limited" to
undertake the rehabilitation and up-gradation to six-laning of
Chandikhole-Bhadrak Section of NH-5 (New NH-16) from km 62 to km 136.5 in the
state of Odisha to be executed as Hybrid Annuity Project under NHDP Phase V.
Trend in FII flows: The FIIs were Net Value
of Rs -1022.50 the cash segment Wednesday while the DIIs were Net
Value of Rs 461.19 as per the provisional figures.
Securities in Ban For Trade Date 08-FEB-2018:
§ FORTIS
§ GMRINFRA
§ HDIL
§ JISLJALEQS
For more trade related query you can contact us by below given details.
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